Rieder’s Fed Candidacy Exposes ‘Key Man Risk’ in All-Star ETFs
BlackRock Inc. is facing a rare conundrum: its star manager may soon be poached to head the Federal Reserve, clouding the outlook for the $14 trillion exchange-traded fund industry’s fastest-growing...
By Katie Greifeld · Bloomberg Markets
BlackRock Inc. is facing a rare conundrum: its star manager may soon be poached to head the Federal Reserve, clouding the outlook for the $14 trillion exchange-traded fund industry’s fastest-growing active bond vehicle.